Certainly it does. It could be repoed multiple times, and each time this occurs more and more fees and penalties are added to the original or remaining balance of the loan. If you cannot afford the payments, your best option is to surrender the vehicle and seek other means of transportation.
1)he will take the car you left if that is the car to be repoed. 2)If you are traveling in the car to be repoed he will wait for you to return and repo it after you get back.
no
If you aren't paying for that car's payments then yes. The only reason why your car should be repoed it because the payments aren't being made on it. It doesnt matter if your car is from the 1940's or if you brought the car last month, the car can be repoed if you dont pay the payment for 2 or more months (consult dealership for it's repo rules).
NO, not for just being repoed.
IF you payed current B4 it was repoed, then the lender will bring it back, uaually. If it was simply put on hold and repoed, you pay to get it back. The LENDER is responsible for repos.
The police are not usually involved in a repo. The finance co. can legally take back their security if you default- and probably won't give it back, but you can contact them if you want to.
I missed my payment on my jeep and they repoed my other car. Can they do that
Financially it doesn't matter, but at least you know when you're going to drop it off rather than have it repoed and have to walk home, and it's usually a pain to get your personal belongings from the repo guys. Also if you have anything aftermarket, including stereo, they won't let you take it.
Repo laws are different for each state. Check for laws in your state or advise what state you are in.
that all depends on what state you want them hauled in
the repo man come and repo my car the police made him bring the car back because he didn't have a signed consent from magistrate after going to magistrate will I have a chance to answer the dispository or will the car be repoed the same day
Well yes, But if you lock your garage then the repo officer will have to come to your door in order to get the car.